The next issue I think is we want this property for us since we just got the LLC started once the project is finalized we don’t have enough track record on the LLC or as a business owner to get a mortage or refinance the property under a mortage.

A solid financial backing demonstrates reliability, making sellers more likely to accept offers from these investors over others.As fix-and-flip investors build a reputation for professionalism and success, they can expand their operations and take on more significant projects.

The total project budget is approx. $2.5M. 

We were set-back but able to fix the issues once we returned home and get the project complete.

I can openly admit not all of our projects have gone well, and most take longer and cost more than we expected, but we have still finished every project to date!

We have extensive equity available (over 400K) and extensive savings to get the project moving.

Hi McKenzie,It sounds like your first renovation project was a great success!

With the HELOC you can tap into that equity in the home when you need it for other projects.

And he lives right across the street from the project so spends NO money on commute ..

Don't rush into huge projects.